Every vote, every word

Sunday, November 1, 2026

Neel Kashkari

President, Federal Reserve Bank of Minneapolis

Neel Kashkari

2026 voter 2027 non-voter

25Votes since 2020
3Dissents
12%Dissent rate
14Appearances
+2Index reading

Role

InstitutionFederal Reserve Bank of Minneapolis (District 9)
Current role since—
Term ends—
Official pagewww.minneapolisfed.org
On X@neelkashkari   @MinneapolisFed

Start date not stated on the bank's leadership page and not verified. Published essays explaining his April 2026 and July 2026 dissents. Minneapolis next votes in 2029.

Vote record

MeetingDecisionVotePreference
October 28, 2026hold 3.75–4.00%With majority
September 16, 2026hike 3.75–4.00%With majority
July 29, 2026hold 3.50–3.75%Dissent, for a hikePreferred to raise the target range for the federal funds rate by 1/4 percentage point at this meeting.
June 17, 2026hold 3.50–3.75%With majority
April 29, 2026hold 3.50–3.75%Dissent, for a holdSupported maintaining the target range for the federal funds rate but did not support inclusion of an easing bias in the statement at this time.
March 18, 2026hold 3.50–3.75%With majority
January 28, 2026hold 3.50–3.75%With majority
May 7, 2025 alternatehold 4.25–4.50%With majority
December 13, 2023hold 5.25–5.50%With majority
November 1, 2023hold 5.25–5.50%With majority
September 20, 2023hold 5.25–5.50%With majority
July 26, 2023hike 5.25–5.50%With majority
June 14, 2023hold 5.00–5.25%With majority
May 3, 2023hike 5.00–5.25%With majority
March 22, 2023hike 4.75–5.00%With majority
February 1, 2023hike 4.50–4.75%With majority
December 16, 2020hold 0.00–0.25%With majority
September 16, 2020hold 0.00–0.25%Dissent, otherPrefers that the Committee indicate that it expects to maintain the current target range until core inflation has reached 2 percent on a sustained basis.
July 29, 2020hold 0.00–0.25%With majority
June 10, 2020hold 0.00–0.25%With majority
April 29, 2020hold 0.00–0.25%With majority
March 23, 2020other —With majority
March 15, 2020cut 0.00–0.25%With majority
March 3, 2020cut 1.00–1.25%With majority
January 29, 2020hold 1.50–1.75%With majority

Source: FOMC statements, federalreserve.gov. From June 2026 the statements name only dissenters; majorities are inferred from the voting roster.

On the record

July 31, 2026 StatementHawkish

Statement on My FOMC Dissent

I dissented against the FOMC's policy action this week because I preferred to raise the target range for the federal funds rate by 0.25 percentage point.

May 1, 2026 StatementHawkish

Why I Dissented

I supported the Federal Open Market Committee's (FOMC) decision to hold the federal funds rate at this week's meeting, but I dissented against the FOMC's action because I did not think it was appropriate to continue to include the following phrase in the policy statement: "In considering the extent and timing of additional adjustments to the target range for the federal funds rate …"

September 19, 2025 StatementDovish

Three Questions

I believe the risk of a sharp increase in unemployment warrants the committee taking some action to support the labor market. In my previous submissions to the Summary of Economic Projections (SEP), I had indicated that two 25-basis-point rate cuts would likely be appropriate this year (Figure 7).

June 27, 2025 StatementDovish

Tariff Impacts: Delayed or Avoided?

While we gather more evidence on the true tariff shock affecting the economy, I believe we should put more emphasis on the actual inflation and real economic data that we are seeing without committing to an easing policy path in case the effects of tariffs are merely delayed.